Advanced Netting Ltd

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advanced netting ltd Company Information

Live

EstablishedMicroLow

Company Number

07178323

Website

www.advancednetting.co.uk

Registered Address

21 conway units stephenson road, clacton-on-sea, CO15 4XA

Industry

Other manufacturing n.e.c.

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

01255428988

Next Accounts Due

December 2024

Group Structure

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Directors

Peter Barrett14 Years

Shareholders

peter douglas barrett 100%

advanced netting ltd Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of ADVANCED NETTING LTD at £1.5m based on Net Assets of £577.4k and 2.53x industry multiple (adjusted for liquidity).

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Advanced Netting Ltd is a live company located in clacton-on-sea, CO15 4XA with a Companies House number of 07178323. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 2010, it's largest shareholder is peter douglas barrett with a 100% stake. Advanced Netting Ltd is a established, micro sized company, Pomanda has estimated its turnover at £426.6k with low growth in recent years.

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Pomanda's financial health check has awarded Advanced Netting Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £426.6k, make it smaller than the average company (£9.7m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (3.9%)

EXPORT

Advanced Netting Ltd's latest turnover from March 2023 is estimated at £426.6 thousand and the company has net assets of £577.4 thousand. According to their latest financial statements, Advanced Netting Ltd has 4 employees and maintains cash reserves of £165.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	426,584	434,181	339,749	420,565	474,494	495,346	560,937	476,952	455,498	432,633	434,085	467,955	505,505
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	265,964	278,870	220,399	272,218	303,870	311,450	351,595	302,373	292,703	277,145	280,788	300,801	323,541
Gross Profit	160,620	155,311	119,350	148,347	170,625	183,896	209,342	174,578	162,795	155,488	153,297	167,154	181,964
Admin Expenses	176,249	139,158	1,127	52,660	136,574	125,473	136,678	147,611	78,028	89,272	112,040	103,608	111,262
Operating Profit	-15,629	16,153	118,223	95,687	34,051	58,423	72,664	26,967	84,767	66,216	41,257	63,546	70,702
Interest Payable	3,844	3,122	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,165	1,576	193	124	947	593	267	549	510	493	562	592	268
Pre-Tax Profit	-12,308	14,607	116,890	95,811	34,998	59,016	72,931	27,516	85,277	66,709	41,820	64,138	70,969
Tax	0	-2,775	-22,209	-18,204	-6,650	-11,213	-14,586	-5,503	-17,908	-15,343	-10,037	-16,676	-19,871
Profit After Tax	-12,308	11,832	94,681	77,607	28,348	47,803	58,345	22,013	67,369	51,366	31,783	47,462	51,098
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-12,308	11,832	94,681	77,607	28,348	47,803	58,345	22,013	67,369	51,366	31,783	47,462	51,098
Employee Costs	130,668	184,103	146,718	145,704	145,233	140,670	110,582	109,186	106,134	103,946	102,949	101,695	123,141
Number Of Employees	4	6	5	5	5	5	4	4	4	4	4	4	5
EBITDA*	23,106	34,244	160,310	112,791	51,944	79,824	88,819	40,247	97,230	75,785	50,101	71,410	74,918

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	185,932	182,260	211,419	191,346	177,553	174,732	162,696	36,447	39,946	32,188	34,304	35,245	37,360
Intangible Assets	0	0	0	0	3,000	6,000	9,000	12,000	15,000	18,000	21,000	24,000	27,000
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	185,932	182,260	211,419	191,346	180,553	180,732	171,696	48,447	54,946	50,188	55,304	59,245	64,360
Stock & work in progress	363,351	326,589	222,649	249,259	244,574	230,657	192,600	174,631	190,271	145,174	103,472	67,666	39,109
Trade Debtors	1,239	11,288	9,622	18,691	23,103	28,440	64,967	47,483	49,470	22,674	24,798	27,417	38,914
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	61,924	67,888	64,128	44,687	30,524	8,207	1,500	14,950	1,500	0	0	0	0
Cash	165,764	171,390	248,983	136,107	111,505	140,936	96,203	117,651	101,936	102,027	95,148	129,805	107,111
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	592,278	577,155	545,382	448,744	409,706	408,240	355,270	354,715	343,177	269,875	223,418	224,888	185,134
total assets	778,210	759,415	756,801	640,090	590,259	588,972	526,966	403,162	398,123	320,063	278,722	284,133	249,494
Bank overdraft	10,000	10,000	7,500	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	88,441	41,740	46,516	58,427	92,475	102,726	83,889	63,305	36,056	132,525	142,261	179,431	192,058
Group/Directors Accounts	0	0	0	0	0	0	0	46,144	81,460	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	5,228	11,401	6,259	5,906	0	0	0	0	0	0	0
other current liabilities	51,298	71,844	53,730	62,485	70,878	82,080	108,268	15,741	24,039	0	0	0	0
total current liabilities	149,739	123,584	112,974	132,313	169,612	190,712	192,157	125,190	141,555	132,525	142,261	179,431	192,058
loans	22,500	32,500	42,500	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	8,713	13,792	6,024	12,789	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	16,884	3,485	0	0	0	0	0	0	0	0	0	0	0
provisions	11,684	10,135	14,735	10,789	9,034	8,230	5,371	6,879	7,488	5,827	6,116	6,140	6,336
total long term liabilities	51,068	46,120	65,948	24,581	15,058	21,019	5,371	6,879	7,488	5,827	6,116	6,140	6,336
total liabilities	200,807	169,704	178,922	156,894	184,670	211,731	197,528	132,069	149,043	138,352	148,377	185,571	198,394
net assets	577,403	589,711	577,879	483,196	405,589	377,241	329,438	271,093	249,080	181,711	130,345	98,562	51,100
total shareholders funds	577,403	589,711	577,879	483,196	405,589	377,241	329,438	271,093	249,080	181,711	130,345	98,562	51,100

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	-15,629	16,153	118,223	95,687	34,051	58,423	72,664	26,967	84,767	66,216	41,257	63,546	70,702
Depreciation	38,735	18,091	42,087	14,104	14,893	18,401	13,155	10,280	9,463	6,569	5,844	4,864	1,216
Amortisation	0	0	0	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000
Tax	0	-2,775	-22,209	-18,204	-6,650	-11,213	-14,586	-5,503	-17,908	-15,343	-10,037	-16,676	-19,871
Stock	36,762	103,940	-26,610	4,685	13,917	38,057	17,969	-15,640	45,097	41,702	35,806	28,557	39,109
Debtors	-16,013	5,426	10,372	9,751	16,980	-29,820	4,034	11,463	28,296	-2,124	-2,619	-11,497	38,914
Creditors	46,701	-4,776	-11,911	-34,048	-10,251	18,837	20,584	27,249	-96,469	-9,736	-37,170	-12,627	192,058
Accruals and Deferred Income	-20,546	18,114	-8,755	-8,393	-11,202	-26,188	92,527	-8,298	24,039	0	0	0	0
Deferred Taxes & Provisions	1,549	-4,600	3,946	1,755	804	2,859	-1,508	-609	1,661	-289	-24	-196	6,336
Cash flow from operations	30,061	-69,159	137,619	39,465	-6,252	55,882	163,833	57,263	-64,840	10,839	-30,317	24,851	175,418
Investing Activities
capital expenditure	-42,407	11,068	-62,160	-27,897	-17,714	-30,437	-139,404	-6,781	-17,221	-4,453	-4,903	-2,749	-68,576
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-42,407	11,068	-62,160	-27,897	-17,714	-30,437	-139,404	-6,781	-17,221	-4,453	-4,903	-2,749	-68,576
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-46,144	-35,316	81,460	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-10,000	42,500	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-13,941	-11,252	12,910	-6,412	18,695	0	0	0	0	0	0	0
other long term liabilities	13,399	3,485	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	2	0	0	0	0	0	0	0	0	0	2
interest	3,321	-1,546	-1,332	124	947	593	267	549	510	493	562	592	268
cash flow from financing	6,720	-22,002	29,918	13,034	-5,465	19,288	-45,877	-34,767	81,970	493	562	592	270
cash and cash equivalents
cash	-5,626	-77,593	112,876	24,602	-29,431	44,733	-21,448	15,715	-91	6,879	-34,657	22,694	107,111
overdraft	0	2,500	7,500	0	0	0	0	0	0	0	0	0	0
change in cash	-5,626	-80,093	105,376	24,602	-29,431	44,733	-21,448	15,715	-91	6,879	-34,657	22,694	107,111

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADVANCED NETTING LTD group structure

Advanced Netting Ltd has no subsidiary companies.

Ultimate parent company

ADVANCED NETTING LTD

07178323

ADVANCED NETTING LTD Shareholders

peter douglas barrett

100%

Advanced Netting Ltd currently has 1 director, Mr Peter Barrett serving since Mar 2010.

officer	country	age	start	end	role
Mr Peter Barrett	England	43 years	Mar 2010	-	Director

P&L

March 2023

turnover

426.6k

-2%

operating profit

-15.6k

gross margin

37.7%

+5.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

577.4k

-0.02%

total assets

778.2k

+0.02%

cash

165.8k

-0.03%

net assets

Total assets minus all liabilities

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company number

07178323

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

March 2010

ultimate parent company

None

previous names

N/A

address

21 conway units stephenson road, clacton-on-sea, CO15 4XA

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

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advanced netting ltd Company Information

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advanced netting ltd Estimated Valuation

advanced netting ltd Estimated Valuation

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